Legislative Updates

Legislative Update March 22, 2021

Update/Memo Please see the comprehensive bill report and legislative calendar below. Here are several bills and issues of note: REALTOR® Championed SB569/HB605, which allows for real estate commission checks to be paid to a corporate entity, passed the House Floor and Senate Commerce & Labor Committee last week unanimously.  The legislation’s last stop is

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LLC Bill Brought By TN REALTORS®

In the 112th General Assembly now in session, Tennessee REALTORS®, the state industry association representing more than 31,000 REALTOR® members, has brought SB569/HB605, sponsored by Sen. Johnson and Rep. Lamberth. The bill allows real estate licensees to be paid through corporate entities. It seeks to clarify that a real estate licensee can receive commission checks

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Legislative Update — March 15 2021

Update/Memo Please see attached a comprehensive bill report and legislative calendar for next week below. HB605/SB569, a REALTOR® championed bill that allows for commission to be paid to a cooperate entity, is expected to pass in the House next week. The bill is advancing through the committee process in the Senate and will be heard

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Legislative Update — March 1, 2021

Update/Memo We anticipate successful virtual Days on the Hill meetings this week. SB569/HB605, a Tennessee REALTORS® initiative, will allow real estate licensees to be paid through corporate entities. The bill will be considered by the Senate Commerce Committee on Tuesday, March 2, and the House Business and Utilities Subcommittee on Wednesday, March 3. SB1376/HB523

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